Quantum risk, considered a major threat to Bitcoin (BTC) and altcoins, continues to be debated from two different perspectives on the subject.
Therefore, while some analysts argue that quantum risks are overstated, others argue that the dangers are real and that quantum resilience needs to be achieved quickly.
At this point, popular analyst Willy Wu said in his analysis that Bitcoin should achieve quantum resilience within the next 5 to 10 years.
In this regard, Wu predicted that if Bitcoin can overcome the risks associated with quantum computing, it could enter a significant secular bull cycle over the next five to 10 years.
Wu also added that if Bitcoin solves the quantum threat problem, competing assets could disappear.
Mr. Wu also commented on the price trend of Bitcoin, presenting a scenario of an uptrend after a long period of sideways movement.
“Bitcoin could trade flat in the tens of thousands to hundreds of thousands of dollars over the next 8-12 years, but could experience a ‘mega-surge’ that spikes into the multi-million dollar range over the next 12-16 years,” Wu said.
The circle takes an important step!
As the debate about quantum threats continues, cryptocurrency company Circle has made a big move.
In response, Circle announced a quantum-resistant roadmap for its layer 1 (L1) blockchain Arc.
The plan includes implementing quantum resiliency across the infrastructure, including wallets and validators, and adding post-quantum signature functionality to mainnet as an optional model for users.
Circle warns that if quantum computing technology develops rapidly, it could threaten current public-key cryptographic systems even before 2030.
The company also warned against “collect now, decrypt later” attacks that collect encrypted data now and decrypt it later using quantum computers.
*This is not investment advice.
